The Melbourne Newsroom

University of Melbourne mathematicians have developed a software tool to help maximize investment and minimize the cost of carbon emissions compliance.

The Carbon Pollution Reduction Scheme (CPRS) is not the most efficient way to reduce carbon emissions, says Senior Lecturer in Finance Dr Les Coleman.

Dr Coleman says that while there have been extensive discussions about the pros and cons of the CPRS, alternatives to the scheme have not been adequately considered and people with specialist knowledge in the area of carbon reduction have not been adequately consulted.

Professor Joshua Gans says delays on the Federal Government’s emissions trading scheme shouldn’t effect consumer decisions on ‘buying green’.

With the Federal Government's hotly debated emissions trading scheme set to be introduced into the lower house today, Professor Gans says that the proposed one year delay in its official introduction should not be considered as "reneging on a previous timetable."

"When it comes down to it all, of the targets are to be achieved by 2020 or 2050”.